On June 3, the price of GameStop stock and some meme tokens surged following Keith Gill’s latest price predictions shared on Reddit under an alias. He disclosed holding $65 million in call options expiring on June 21 and placing bets worth over $115 million in stock.
Gill, known as RoaringKitty on YouTube, sparked a rally in meme coins with a recent viral post, impacting POPCAT and other cat-themed meme coins.
The GameStop (GME) meme coin on the Solana blockchain saw a 200% increase in value on June 3. The GME token has dropped by about 15% today, trading for $0.01134. Nonetheless, it remains up 169% over the past week and a staggering 2,288% over the past month.
The novel meme token mimics the name of the well-known gaming retailer GameStop and is inspired by real-life events involving the company. GME’s performance is tied to news of GameStop, reflecting its influence in the market. However, the token does not have any practical use cases.
GameStop (GME) token price prediction
The Bollinger Bands indicator hints at increased market volatility. GME’s price is near the upper boundary of the Bands, suggesting the token may be overbought. Other price predictions are overwhelmingly bullish. The Relative Strength Index (RSI) rose above 50, which indicates growing bullish momentum.
The MACD is trending upward, revealing a bullish trajectory. It approached a crossover of the zero line on Monday. This also indicates that GME has reached a critical resistance level. There is a strong likelihood of breaching this resistance, potentially leading to an even higher near-term price.
Some analysts predict that the GME token might dip to as low as $0.00937 in 2025. In 2026, the token has the potential to peak at $0.023, past its all-time high of $0.0217 on May 15. GME is expected to continue its upward trajectory in 2027, hitting a peak value of $0.033, with the average price anticipated to stabilize around $0.02 that year. It’s worth noting the 2021 meme coin rally ended in pain, though.
